Tulane Alumni Association




Dermot McGlinchey Lifetime Achievement Award 1998


James M. Cain

The third recipient of the Dermot S. McGlinchey Lifetime Acheivement Award is James Marshall Cain (B '55, '59), a shining example of an alumnus who has successfully combined a demanding professional life with continuous community service and dedicated university leadership.

Born in Baton Rouge, La., Cain came to New Orleans in 1951 to attend Tulane University on a football scholarship. In 1955, he graduated from the College of Business Administration (now the A.B. Freeman School of Business) with a bachelor of business administration. After he completed four years of service in the U.S. Army, Cain returned to Tulane to earn a MBA in 1959.

In the early 1960's, Cain joined New Orleans Public Service Inc. (NOPSI) as a research assistant, embarking on a career path that would eventually lead him to one of diligence, he worked his way up to vice president of administration of NOPSI (1968-75); executive vice president, then president, director and chief executive officer of Middle South Services Inc. (1975-78); president of NOPSI (1978-83); and president and then chair and chief executive officer of Louisiana Power & Light (LP&L) (1983-91). IN 1991, he was named vice chair of Entergy Corp., which had acquired both NOPSI and LP&L. He retired from Entergy in 1993.

While pursuing his professional career, Cain made time for philanthropic service by serving on the boards of numerous organizations in the city of New Orleans-a practice he maintains today. He is currently a board member of the New Orleans Foundation, the Alton Ochsner Medical Foundation and Whitney National Bank.

He has also served as chair of The Chamner/New Orleans and the River Region and the Board of Commission of the Port of New Orleans; as a member of the Business Council of New Orleans; and as a board member of the Arts Council of New Orleans, Boy Scouts of America, the Urban League of Greater New Orleans, Children's Hospital and WYES. He was also active in the YMCA's literacy program and the Salvatian Army's homeless shelter, the Center of Hope. He is also a former member of the Board of Trustees of Dillard University.

At Tulane, Cain serves on the Presiden'ts COuncil, the Business School Council, the Tulane Association of Business Alumni and the Tulane Medical Center Board of Governors. In addition, he was a member of the university's allocation committee for the proceeds from the sale of Tulane Hospital to Colombia/HCA.

In recognition of his professional success and continuous public service, Cain was selected by his peers to reign as Rex, King of Carnival, in 1994. He has also received a special achievement award from the Metropolitan Area Committee (1994), the Distinguished Alumnus Award from the A.B. Freeman School of Business (1991), the Joseph W. Simon Jr. Memorial Award (1989,1990), and a role model award from the Young Leadership Council (1987). In addition, he was the recipient of the 39th Annual Weiss Award of the National Conference of Christians and Jews, the Freeman Foundation National George Washington Honor Medal for Individual Acheivement and the Laubach Literacy International Humanitarian of the Year Award.

Cain and his wife, Barbara Hammond Cain (NC '59), have two children, James H. Cain (B '89) and Beverly Cain Dowling.

Alumni Relations, Tulane University, 6319 Willow Street, New Orleans, LA 70118 504-865-5901